Carlyle Secured Lending (NASDAQ:CGBD) Shares Gap Down to $18.15

Carlyle Secured Lending, Inc. (NASDAQ:CGBD) gapped down before the market opened on Friday . The stock had previously closed at $18.15, but opened at $17.68. Carlyle Secured Lending shares last traded at $17.81, with a volume of 19,237 shares trading hands.

Carlyle Secured Lending Trading Down 1.8 %

The business has a 50 day simple moving average of $17.66 and a two-hundred day simple moving average of $16.39. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 1.07. The stock has a market cap of $905.59 million, a price-to-earnings ratio of 10.61 and a beta of 1.59.

Carlyle Secured Lending (NASDAQ:CGBD) last issued its earnings results on Tuesday, May 7th. The company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.52 by $0.02. The company had revenue of $44.14 million during the quarter, compared to analyst estimates of $42.86 million. Carlyle Secured Lending had a return on equity of 12.92% and a net margin of 38.15%. As a group, equities analysts anticipate that Carlyle Secured Lending, Inc. will post 2.05 EPS for the current year.

Carlyle Secured Lending Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 17th. Stockholders of record on Friday, June 28th will be given a $0.47 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $1.88 annualized dividend and a dividend yield of 10.54%. Carlyle Secured Lending’s payout ratio is 93.57%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. International Assets Investment Management LLC grew its position in shares of Carlyle Secured Lending by 327.2% in the 4th quarter. International Assets Investment Management LLC now owns 271,150 shares of the company’s stock worth $40,560,000 after acquiring an additional 207,685 shares in the last quarter. Advisors Asset Management Inc. grew its position in shares of Carlyle Secured Lending by 4.6% in the 1st quarter. Advisors Asset Management Inc. now owns 265,325 shares of the company’s stock worth $4,319,000 after acquiring an additional 11,573 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in shares of Carlyle Secured Lending by 2.6% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 258,774 shares of the company’s stock worth $4,213,000 after purchasing an additional 6,527 shares during the last quarter. Condor Capital Management lifted its holdings in shares of Carlyle Secured Lending by 7.9% in the 1st quarter. Condor Capital Management now owns 227,327 shares of the company’s stock worth $3,701,000 after purchasing an additional 16,714 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S lifted its holdings in shares of Carlyle Secured Lending by 9.1% in the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 145,631 shares of the company’s stock worth $2,179,000 after purchasing an additional 12,171 shares during the last quarter. Institutional investors and hedge funds own 24.51% of the company’s stock.

About Carlyle Secured Lending

Carlyle Secured Lending, Inc is business development company specializing in first lien debt, senior secured loans, second lien senior secured loan unsecured debt, mezzanine debt and investments in equities. It specializes in directly investing. It specializes in middle market. It targets healthcare and pharmaceutical, aerospace and defense, high tech industries, business services, software, beverage food and tobacco, hotel gamming and leisure, banking finance insurance and in real estate sector.